Wancheng Tang Zhi was founded on 1875. It is known as one of the three cities in Hang Cheng's drug market. It was lost in the war. In June 2005, with the investment of Xinhe Industrial Group, Wancheng Tang Zhi officially reopened.
Hangzhou Wancheng Tangzhi Chinese Medicine Museum Co., Ltd. belongs to Zhejiang Xinhe Industrial Group and was established with the approval of Zhejiang Administration for Industry and Commerce, focusing on medicine, investment and finance.